PEO vs EOR vs International PEO: What’s the difference?
The era of globalization has encouraged organizations to explore fierce global competition. The international expansion helps businesses tap into new customer segments and culturally diverse workforce. It also gives access to a new market, capital source, and advanced technology infrastructure.
While global expansion is an attractive and lucrative proposition, it can be challenging as the learning curve is usually steep. In a perfect world, hiring international remote workers without worrying about compliance and payroll across borders looks easy. But in reality, the complexities of international law make it difficult for businesses to hire workers abroad.
When you look at hiring globally and building a remote workforce, you need to work with a local partner, such as an employer of record or professional employer organization. Service providers use the terms PEOs and EORs interchangeably. It is important to know the difference between the two when you have to decide which option is best for you and your company.
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